Fixed Deposit

Fixed Deposit Investment

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Fixed deposits are one of the safest financial investments that an Indian citizen can make. A Fixed Deposit (FD) is the most stable investment option in today’s investment market. As the interest rates do not fluctuate based on market and economic conditions, an FD is better than mutual funds, stocks and other investments.

There are mainly two types of modes of receiving the interest. One is cumulative option where the interest is compounded on a quarterly, paid on the maturity of the FD/ autorenewed. The other is a non-cumulative option which is paid in the form of monthly interest or quarterly or on maturity

In a Fixed Deposit, the sum of money is blocked for the period of the deposit. Banks allow depositors the flexibility to invest their funds from periods as low as 7 days to 10 years. The interest rate on the deposit depends on the period for which the funds are placed with the bank.

Why to Invest in Fixed Deposit ?

Fixed Deposits also termed as Term Deposits or Time Deposits. The interest rates for Fixed Deposits remain same throughout the deposit tenure. At the time of Fixed Deposit withdrawal, you need to submit Fixed Deposit receipt. In case, you need money urgently, instead of withdrawing the Fixed Deposits, you can go for Loan against Fixed Deposit. The loan against FD interest rate is only 1% or 2% higher than the regular Fixed Deposit rate of interest.

Different Types of Fixed Deposits:

Standard Fixed Deposits, Special Fixed Deposits, Flexi Fixed Deposits, Tax Saver Fixed Deposits, Cumulative Fixed Deposits, Non-Cumulative Fixed Deposits

Benefits of Fixed Deposit :

Safe Mode of Investment
Tax Benefits on 5 years FD
Fixed Returns
Overdraft Facility
Credit Card Against FD
Loans Against FD
Premature Withdrawal Allowed
Flexibility

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Mutual funds are subject to market risk

Mutual fund investments are subject to market risks, read all scheme related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of future performance of the schemes. The Mutual Fund is not guaranteeing or assuring any dividend under any of the schemes and the same is subject to the availability and adequacy of distributable surplus. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

AMFI Registered Mutual Fund Distributor – ARN- 44558 | Date of initial registration – 01 Jul 2023 | Current validity of ARN – 30 Jun 2026

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